Diploma and degree completion have become the fundamental standard for judging the performance of secondary and postsecondary educational institutions. Increasingly, leaders of education and workforce policy and programs assume that these measures of attainment effectively serve as indicators of adequate levels of essential literacy and numeracy…

Recent economic and technological developments have led to a growing international demand for highly skilled human resources. The increased competition for human capital has determined numerous OECD countries to take special measures for attracting and retaining human capital in such fields as: information technology, biotechnology,…

Models the interaction between human capital supply and demand with a production block and a labor supply block explored empirically for the Netherlands on a time-series basis. Simulates economic development, assuming a 20-year international business cycle. Shows government stabilization policy as effective in maximizing long-range growth.…

Societies are increasingly complex. Change is accelerating and its effects are unknown. Managing uncertainty is a major challenge, to the extent that in economics it is becoming difficult to assess need in terms of human capital requirements. This contrasts with the certainty that there is an increasing need for skills in the knowledge society and…

Using data from the National Longitudinal Survey of Young Men, this paper reveals that earnings below expectations induce a return to school. Appended are 12 references. (MLF)

If productivity and earnings are not found to result from education, then an alternative theory could be that employers use education as a screening device to select employees. Employing the decomposition technique to compare income for self-employed and private sector employees, evidence is presented that rejects the screenist theory. (Author/MD)

Maximizing allocations of all human capital investments (in children's schooling, health, nutrition, and general development) may hinder the identification of education's actual effects. Relative price variations across individuals are difficult to measure even if nonschooling investments are observed. Therefore, schooling's impact is usually…

Spurred by the Nigerian government's concern about transition rates into the three-year junior secondary segment of the nation's new 6-3-3-4 educational system, this paper reviews the literature, examines transition rates in 22 states, and concludes that most states have fallen below the 70 percent projected national transition rates during…

Describes and develops a methodology for estimating workers'"potential earnings," a previously unobservable element required to solve human capital equations that are designed to permit analysis of the return, measured in earning power, on investments in on-the-job training. (PGD)

Measures change in social and private net present value of expected lifetime earnings attributable to M.L.S. degree under current market conditions and calculates effect of changes in placement rates and of two-year MLS degrees. Implications for profession's ability to attract capable individuals and for its sex composition are discussed. (33…

This paper considers the relation of education and of scientific and technical knowledge developed through research and development to labor productivity growth within the medium term. The empirical significance of sources of productivity growth is tested using data for the United States and 14 other nations. (Author/MLF)

Examines the effects of tuition level and financial aid on graduate enrollments and the pool of scholars with advanced terminal degrees. Within an alternative statistical framework defining educational demand as more than first-year enrollments, tuition and financial aid effects can be examined at each stage of the choice process. Includes one…

This paper presents a methodology for estimating the full cost of parental time allocated to child-care activities at home. Building upon the human capital hypothesis, a model is developed in which the cost of an hour diverted from labor market activity is seen as consisting of three components: 1) direct wages foregone; 2) investments in…

This volume examines conceptual frameworks and models that flow from scholars' definitions and operationalizations of social class: status attainment theory, human capital theory, the financial nexus model, Bourdieuian theory, and critical race theory. Since students often have multiple social locations that affect their educational process, the…

Discusses a study that explored the connection between social investments in higher education and economic production. Reports that government spending on higher education stimulates the private economy better than other government spending. Concludes that higher education expenditures on organized research produce long lasting, favorable effects…